How Much Do I Charge For ASIC Compliance?

One of the most common questions accounting firms ask when joining the Waive platform is how much to charge for ASIC (Australian Securities and Investments Commission) compliance services.  The answer is not so straight forward and can depend on the following considerations:

Scope of Services: The range of services you offer can greatly affect your pricing. Are you providing a comprehensive compliance which includes changes, ASIC Annual Reviews and acting as the Registered office or is it simply the Annual Review forwarding?

Complexity of the Client’s Business: The complexity of the client’s business and its regulatory requirements can significantly impact the price. More complex businesses with numerous subsidiaries or operations may require more extensive work.

Size of the Company: Larger companies may require more transactions and therefore more work to keep up with compliance.

Expertise and Reputation: Your level of expertise and reputation in the field can influence your pricing. Established firms with a strong track record may charge higher fees than newer or less well-known providers.

Geographic Location: The cost of living and doing business in different regions of Australia can vary significantly. Prices may be higher in major cities compared to rural areas.

Market Rates: It’s essential to research what other ASIC compliance service providers charge in your area and within your niche. This can give you a benchmark for setting your prices.

To determine your specific pricing, you should conduct a thorough assessment of your costs, client demographic and the current economic landscape.

It’s also crucial to have clear contracts and pricing agreements with your clients to avoid misunderstandings.

Keep in mind that ASIC compliance services are a critical aspect of corporate governance, and companies are often willing to invest in quality services to ensure they meet their regulatory requirements.

Therefore, it’s essential to strike a balance between competitive pricing and providing high-quality services that meet your clients’ needs.

If you would like further information about the market range of prices please get in touch